Thursday, April 14, 2011

SC affirms Danding's coconut stakes: Noynoy forms team to look into it

Philippine president Benigno Cojuangco Aquino III says government will form a legal team to look into the controversial Supreme Court decision affirming the claims of his uncle, Danding Cojuangco, on his shares in the biggest food conglomerate in Asia, San Miguel Corporation. 

Unlike his wom, who loathes his relative (she most favors Peping instead of Danding), Noynoy is different. He respects his uncle, some even says that he respects him so much, he prefers to be like him.

Now, uncle Danding stands to gain billions and billions from the shares of the coconut farmers at SMC. It is now up to the government to really show its commitment to the cause of coconut farmers by filing an opposition or appeal to this controversial decision.

Aquino, today ended all speculations by doing the right thing--form a team and they will then be asked to make recommendations or immediately file something. It is in the interest of the State to continue pursuing these shares in SMC.